Is this a safe way to deal with password resets?

Passwords are stored in a secure way. They’re only copied into plain text when pasted automatically into a password reminder mail. https://twitter.com/UKTesco/status/229542141012107265

Looking at this tweet it looks like passwords are just being stored in plain text? Surely this is not a safe way to deal with password resets?

I know, I'm Dale Maily.

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